Darth_Raichu Posted September 12, 2013 Share Posted September 12, 2013 You just did You just did you just did you just did you just did. Seriously though, what is your computer doing? Getting him out of the shadow ? Quote Link to comment Share on other sites More sharing options...
lowillsw Posted September 12, 2013 Share Posted September 12, 2013 I actually think discussing how many sets someone has, and questioning the validity of someone claiming they have 200 of them is absolutely relevant. As an investor, I would like to get a sense of how many of these sets are being hoarded away, and all of this is data to help me calculate that (in my head and gut at the very least). The thought to me that a single person (or group of people) can get 200 of this set - 1% of the total set population - is crazy to me and has the opportunity to affect when I might decide to sell. So I think there is some relevance in the discussion. I also want to know when these truly stop showing up at Lego stores - I find it strange that stores are still getting dozens of these in some locations, when it is sold out for so long on LEGO Shop at Home. I don't see how this person can affect the market unless he dump his holdings at the same time in a public arena (i.e. Ebay or Amazon.) If he sell them privately, there is no price discovery hence no way to influence on anyone's selling decision. I would be very afraid if I was him since Lego by no means is as liquid as other financial instruments. Quote Link to comment Share on other sites More sharing options...
Ed Mack Posted September 12, 2013 Share Posted September 12, 2013 With all due respects. In other threads we already established that the number of resellers/investors who frequent this site (let alone active in forums) only made up for tiny portion of reseller population. Anyone who misjudged the market and made poor decisions solely based on very tiny sample of population should take that as learning opportunity and move on. I agree people must make their own investment decisions and this site and/or members are not responsible for their poor investment choices. But from my personal point of view as the co-owner/developer of this site, I do not have an issue with other members asking for proof when outlandish claims are made. Take for instance the member which stated they have 200 LE Crawlers. The logistics behind acquiring 200 LE sets are quite substantial, not even considering the cash needed to buy them. I am not saying that it couldn't happen, just saying that if you make a statement like that some proof would be of value. I do not want this site to be full of fools making crazy and false claims. There has to be some sort of checks and balances that keep people in line and keeps the content somewhat reliable and fact based. Quote Link to comment Share on other sites More sharing options...
nolanfan34 Posted September 12, 2013 Share Posted September 12, 2013 I'm with you, Ed. When I hear people talking about this amazing deal or having so many sets, I automatically assume they're just talking unless I see some sort of proof. Am I going to ask for proof? No. Do they have to provide it? No. Do I have to believe it? No. Does it really matter to anyone else whether or not I believe them? Nope. I know for a fact that there are people in these forums that just make stuff up to sound cool or whatever. I agree with this. But I also think it's important to know who is telling the truth, so you know whether to believe them in other threads, etc. In general though, (getting off topic again) any forum is going to have trolls. When people come to an investment site like this and then post questions like "hey guys, I have x # of popular set y, and I bought them for (75% off) price Z, are these worth anything and did I get a good deal?" I just assume they are trolling and probably FOS. I value a lot of the opinions and research on here and try to share likewise, so sometimes I do like to see proof that someone isn't lying. Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 I agree people must make their own investment decisions and this site and/or members are not responsible for their poor investment choices. But from my personal point of view as the co-owner/developer of this site, I do not have an issue with other members asking for proof when outlandish claims are made. Take for instance the member which stated they have 200 LE Crawlers. The logistics behind acquiring 200 LE sets are quite substantial, not even considering the cash needed to buy them. I am not saying that it couldn't happen, just saying that if you make a statement like that some proof would be of value. I do not want this site to be full of fools making crazy and false claims. There has to be some sort of checks and balances that keep people in line and keeps the content somewhat reliable and fact based. To clear this up for others joining the thread - a member claimed the guy in the instagram posts had 200 - not a member here, right? But I do see the point here and I think its a pretty fair question to ask. I just think "pics or it didn't happen" is a pretty snobbish way to ask for proof. One thing for people who are being asked for proof - you should actually be very flattered by this. Why? Because if you really got a deal that is so unbelievable people think you are lying, you seriously scored! Quote Link to comment Share on other sites More sharing options...
Mos_Eisley Posted September 12, 2013 Share Posted September 12, 2013 I don't see how this person can affect the market unless he dump his holdings at the same time in a public arena (i.e. Ebay or Amazon.) If he sell them privately, there is no price discovery hence no way to influence on anyone's selling decision. I would be very afraid if I was him since Lego by no means is as liquid as other financial instruments. I think this person is planning on unloading these this Christmas for $600-700 each. I think he's going to be disappointed. Quote Link to comment Share on other sites More sharing options...
nolanfan34 Posted September 12, 2013 Share Posted September 12, 2013 I don't see how this person can affect the market unless he dump his holdings at the same time in a public arena (i.e. Ebay or Amazon.) If he sell them privately, there is no price discovery hence no way to influence on anyone's selling decision. I would be very afraid if I was him since Lego by no means is as liquid as other financial instruments. Sure they can affect it. 1% now might turn into 10% or 20% in the future depending how quickly these are opened up by buyers. All of that is data I want to understand to make a smart selling decision in the future. Now, I concur, it PROBABLY won't affect anything, but if someone is going to make a claim that big, I think it is also understandable that by human nature people are going to want to see it to believe it. Quote Link to comment Share on other sites More sharing options...
Coneil21 Posted September 12, 2013 Share Posted September 12, 2013 Many might not agree with me, but I believe if someone states that they have a large amount of LEGO sets or purchases in large quantities, then they should be ready to back up the statement with some photos. I was an expert troll on the XBOX 360 forums and I know very little of what people write on internet forums is based on reality. While it was no big deal on a video game forum to stretch the truth, a site like this deals with money and statements need to be verified in some cases. Exaggerating the truth can cause others to misjudge the market and make poor decisions based on inaccurate information. There is no way to validate many statements, but in some cases, photos will help. Imo the asking for proof issue gets inflamed due to the tone. There has to be a more decent way to request proof than the obnoxious "pics or it never happened". Perhaps there could even be an anonymous "pics please" button next to the like button. Quote Link to comment Share on other sites More sharing options...
brickolodon Posted September 12, 2013 Share Posted September 12, 2013 Dude, what the heck?! Okay, we see your point already! All eleven times of it! :frantics: :frantics: :frantics: :frantics: :frantics: geez...sorry guys...i am on a middle of the desrrt...service going on an off...thats why.. Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted September 12, 2013 Share Posted September 12, 2013 OlegLEGO, please stop replying or find a spot with better reception Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 geez...sorry guys...i am on a middle of the desrrt...service going on an off...thats why.. Middle of the dessert? You know you shouldn't post and eat! Quote Link to comment Share on other sites More sharing options...
nolanfan34 Posted September 12, 2013 Share Posted September 12, 2013 Imo the asking for proof issue gets inflamed due to the tone. There has to be a more decent way to request proof than the obnoxious "pics or it never happened". Perhaps there could even be an anonymous "pics please" button next to the like button. For some (like myself) who have spent way too many hours in internet forums, pics or it didn't happen is just humor and is also used in cases where you DO believe someone, but I would say that sarcasm isn't always apparent to all. Quote Link to comment Share on other sites More sharing options...
Ed Mack Posted September 12, 2013 Share Posted September 12, 2013 Imo the asking for proof issue gets inflamed due to the tone. There has to be a more decent way to request proof than the obnoxious "pics or it never happened". Perhaps there could even be an anonymous "pics please" button next to the like button. I'm not saying that every statement needs to be backed up with photos, but just the threat of having another member call you out will prevent many silly and exaggerated proclamations. Needless to say, it should be asked for in a respectful manner. Quote Link to comment Share on other sites More sharing options...
tonysbricks Posted September 12, 2013 Share Posted September 12, 2013 I think this person is planning on unloading these this Christmas for $600-700 each. I think he's going to be disappointed. I think he is making a life sized crawler with a one of a kind 1 out of 1 license plate: 0862411754079581218109004017601511207755121080512813533077910977501066087920478206861002920180814312139131449215204080500707418060026210692419769165440583810224171371955217450078691334915960184861828916072166641495306174042090921903711078240178417253117910755113278199280680805813177680635219370012701307218324026160253217488165060108704973138400463309068011801231208907072431992619786126930035016101075461771613290169870152013655081690101519952064150869208949055120744409108175881809711524023640356302343030710357106859036170528802538135871323705438113591698009735119511124801154098540770616548103180402200232001540904419356109300275104992132081780811016012790748008898044310538102696066900999800334060291029219695021740988903009185690950613272021010649619130103981821808583032031227211626075661040712634186330269713766110231069312253133571895309043027831151105008000220306302637152981038101623070621643918412096091233617245127030415214280034861157807781074051250518920021150325700184133830843014811 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted September 12, 2013 Share Posted September 12, 2013 I agree people must make their own investment decisions and this site and/or members are not responsible for their poor investment choices. But from my personal point of view as the co-owner/developer of this site, I do not have an issue with other members asking for proof when outlandish claims are made. Take for instance the member which stated they have 200 LE Crawlers. The logistics behind acquiring 200 LE sets are quite substantial, not even considering the cash needed to buy them. I am not saying that it couldn't happen, just saying that if you make a statement like that some proof would be of value. I do not want this site to be full of fools making crazy and false claims. There has to be some sort of checks and balances that keep people in line and keeps the content somewhat reliable and fact based. Fair point. Perhaps the manner of asking for the proof needs to be refined. When someone makes an outlandish demand like "pics or it never happened !!!" I will always pick the most outlandish answer Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 I think he is making a life sized crawler with a one of a kind 1 out of 1 license plate: 0862411754079581218109004017601511207755121080512813533077910977501066087920478206861002920180814312139131449215204080500707418060026210692419769165440583810224171371955217450078691334915960184861828916072166641495306174042090921903711078240178417253117910755113278199280680805813177680635219370012701307218324026160253217488165060108704973138400463309068011801231208907072431992619786126930035016101075461771613290169870152013655081690101519952064150869208949055120744409108175881809711524023640356302343030710357106859036170528802538135871323705438113591698009735119511124801154098540770616548103180402200232001540904419356109300275104992132081780811016012790748008898044310538102696066900999800334060291029219695021740988903009185690950613272021010649619130103981821808583032031227211626075661040712634186330269713766110231069312253133571895309043027831151105008000220306302637152981038101623070621643918412096091233617245127030415214280034861157807781074051250518920021150325700184133830843014811 I feel like you made this number up.... hmmm. Pics or it didn't happen? Quote Link to comment Share on other sites More sharing options...
lowillsw Posted September 12, 2013 Share Posted September 12, 2013 Sure they can affect it. 1% now might turn into 10% or 20% in the future depending how quickly these are opened up by buyers. All of that is data I want to understand to make a smart selling decision in the future. Now, I concur, it PROBABLY won't affect anything, but if someone is going to make a claim that big, I think it is also understandable that by human nature people are going to want to see it to believe it. It really does not matter if he owns 1%, 10% or 20% outstanding as long as there's someone hitting the bid at market price on the other side. I hope the market price will be much higher in the future than mid 350s right now. No one here have the evidence that the price peaked at mid 400 before the second wave hit the store. Despite the lack of evidence, we did have some people here fearmongering about the appreciation being over when price started falling and tell people head for the exits 6 weeks in. I hope he does well but for me I definitely don't want to be the last ones to leave the party. I can hold all the unopened one in the end but it's pure junk if no one hits the bid. Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 It really does not matter if he owns 1%, 10% or 20% outstanding as long as there's someone hitting the bid at market price on the other side. I hope the market price will be much higher in the future than mid 350s right now. No one here have the evidence that the price peaked at mid 400 before the second wave hit the store. Despite the lack of evidence, we did have some people here fearmongering about the appreciation being over when price started falling and tell people head for the exits 6 weeks in. I hope he does well but for me I definitely don't want to be the last ones to leave the party. I can hold all the unopened one in the end but it's pure junk if no one hits the bid. I generally agree with you but I am confused - how was there no proof it hit $450? I sold two at this price. Quote Link to comment Share on other sites More sharing options...
gregpj Posted September 12, 2013 Share Posted September 12, 2013 I generally agree with you but I am confused - how was there no proof it hit $450? I sold two at this price. I think he just meant there is no proof that the peak was $450. After the second wave, the price dropped a bit but it could easily climb back to $450 and more as the second wave gets purchased by that dude with 10,000 LE crawlers. Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 I think he just meant there is no proof that the peak was $450. After the second wave, the price dropped a bit but it could easily climb back to $450 and more as the second wave gets purchased by that dude with 10,000 LE crawlers. Ah, I get it. I figured there was something I was missing. I agree then. I am worried about a peak, but higher than that. but others have pointed out technic sets that have done really well. And I am going down with the ship either way. lol Quote Link to comment Share on other sites More sharing options...
gregpj Posted September 12, 2013 Share Posted September 12, 2013 Ah, I get it. I figured there was something I was missing. I agree then. I am worried about a peak, but higher than that. but others have pointed out technic sets that have done really well. And I am going down with the ship either way. lol I've only got one (no Lego stores where I am to plunder) so I'm not too worried about a peak. If I'm not happy with the price it's selling for, we'll just build it and let the kids drive it through our Lego city - though they need no help destroying it. Pieces starting falling off if they just look at it. Quote Link to comment Share on other sites More sharing options...
justafrog Posted September 12, 2013 Share Posted September 12, 2013 Not to get "froggy" on you but, businesses restrict coupons all the time. It is commonplace, especially on higher ticket items. Most people readily accept these sort of restrictions. I might not like the policy, but if I want a particular item, I will pay for it. The same goes for LEGO sets. The vast majority of LEGO sets are bought by and for children. The kids don't use coupons and many parents have no other alternatives for buying exclusive LEGO sets in most cases. The adults buying these sets for kids might get mad, but they will still buy the set because they have no other choice. Hey, get as froggy as you like. I'm a big girl, I can take it. Yes, businesses restrict coupons. But when they do it in super fine print that most of us PROFESSIONAL buyers didn't see until Emazer and a couple others noticed, it's getting right past "here's the restrictions" into "bait and switch". But I'm just telling you how I would feel as a consumer - other people may be calmer, but I'm the lady arguing at checkout that my coupon is good for another week, and I have many sisters-in-cheapness. Quote Link to comment Share on other sites More sharing options...
justafrog Posted September 12, 2013 Share Posted September 12, 2013 I have 200 Crawlers! (On my fantasy Lego Investment Team...) Quote Link to comment Share on other sites More sharing options...
DoNotInsertIntoMouth Posted September 12, 2013 Share Posted September 12, 2013 Hey, get as froggy as you like. I'm a big girl, I can take it. Yes, businesses restrict coupons. But when they do it in super fine print that most of us PROFESSIONAL buyers didn't see until Emazer and a couple others noticed, it's getting right past "here's the restrictions" into "bait and switch". But I'm just telling you how I would feel as a consumer - other people may be calmer, but I'm the lady arguing at checkout that my coupon is good for another week, and I have many sisters-in-cheapness. Yeah I can see both sides. I would be more froggy though. I argue on coupons all the time mostly because I am sick of all the bait and switch BS all these companies pull. I worked retail for a long time and I used to just be straight with people about their coupons. If they asked me, - you get it on this this and this. One of the places I worked for instituted a policy where you now had to have the coupon in hand, whereas before if you had a membership card you always got the best coupon. BIG fallout from it. Lost a lot of memberships when people came back realizing they overpaid. But with Lego it is a different story. And it may not affect anything. it just makes you wonder when after their biggest year ever they would start worrying about it and bitching about a 10% coupon in the middle of their millions and millions of dollars of profit along with their no-discounts-ever policies. Quote Link to comment Share on other sites More sharing options...
ExoBro94 Posted September 12, 2013 Share Posted September 12, 2013 All the sudden I feel like Bill Murray in Groundhog Day... LOL. It's been nice drinking some gatorade on the sidelines for this one. Quote Link to comment Share on other sites More sharing options...
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